After the bell, Twitter priced its stupid ipo at $26. If done correctly, the opening tick will be north of $35, sucking the life out from the market, just like FB.
Also, my ALJ reported WORSE THAN EXPECTED earnings. This was expected, from me at least. The refiners are a forward looking play, not last quarter. There’s a reason why these stocks are down 35% in recent months, so you shouldn’t expect stellar earnings.
BALT reported BETTER THAN EXPECTED earnings and will paint a portrait of grandeur tomorrow morning. Things are getting better and the company is leveraging up to sail the seven seas, taking bounty along the way.
I was down 4% for the day.
Leverage can be a bitch sometimes.
NOTE: BALT’s beat was its first upside surprise in 5 quarters, a big deal. Going forward, I expect them to get into the black and report profits, during 2014.
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3 things
1st is thank goodness they didn’t over price Twitter into the 30’s
2nd is why does a stock not move AH when it has over a 1000000 on a good ER
3rd is congrats on helping the retail guy and calling BALT’s beat!
Meant shares traded
2.) Maybe because only 1,155 shares have traded AH?
LOL
http://www.nasdaq.com/symbol/balt/after-hours
There should be material upside in the stock tomorrow
what’s the plan with ALJ then, average down?
yes
TWTR ipo = short GSVC
Any comment on my comment?
http://ibankcoin.com/flyblog/2013/11/06/my-destiny-has-been-determined/#comment-412942
It would be instructional for me [us all] to find out what the interest in RBCN is.
Why not just stick with the winner, GTAT? They are the ones who should benefit primarily from this “transformative” occurrence, no?
Because the sapphire market is commoditized. As Apple sucks supply out from GTAT, others will come to RBCN for supply at higher prices. It’s a waiting game, granted. But the AAPL move means this will be adopted by the industry.
How do I know this?
If AAPL came out with a “scratch proof” phone with sapphire silicon, Samsung would lose the smartphone wars.
Thank you for the reply. It is the commoditized market that concerns me because they will not get pricing power, and I don’t see why, if there is little differentiation, that the supply would be so low as such to command a higher price. And factor in that their COGS rise apace and voila, they make no margin.
This is stated as such in GTATs filing. Also troubling is that GTAT, the actual benefactor and presumed industry leader (since AAPL chose them) notes:
“The price for sapphire material has recently experienced significant decreases. We expect that current low prices will continue for some time. ”
= no pricing power.
Long story short, it seems like one of those things that’s a great story, but that there is no pricing power to really capitalize on the growth of the touch-screen market. A market which currently only accounts for a small amount of RBCN’s revenues as it is.
Old time stocks doing well now..
Fly, what do you think of the sell-off in TRLA? Anything to do with brokers not wanting to give listing data to third party syndicates.
Did you give up on IMMR? I think it might be a great buy in here. GTAT is the play between the two. Positive earnings etc….
Not Fly but he sold out a while ago. This level has been a consistent price that’s been bought, but there’s a reason it keeps returning there and one of these times it will crash through and leave you wondering where the next floor is. I’m long, modestly down and waiting for this stock to move up, period.
My momo stocks already crumbled today.
American Eagle Outfitters (NYSE:AEO) shares soared 12 percent in late afternoon trading. American Eagle Outfitters raised its third-quarter earnings guidance to 19 cents per share on revenue of $857 million, compared to expectations of 15 cents per share on revenue of $841 million. “Our third quarter results are clearly unsatisfactory. Yet, in an extremely challenging environment, our bottom line results are slightly ahead of our prior expectations and we ended the period with clean inventory,” explained American Eagle Outfitters CEO Robert Hanson. “We remain highly focused on strengthening our merchandising, marketing and customer service execution, while maintaining disciplined inventory and expense management.”
Let’s see if this sticks tomorrow. The company’s reporting date on finviz and etrade was Nov. 25. Now they are going to give guidance on Dec. 6, wtf. Feel like selling what I bought today on the pop at the open tomorrow if it’s still up.
Fly, so to what price are you willing to pay up for TWTR?
Fly, so to what price are you willing to pay up for TWTR?
I second that question.
You can say that again
Goldblum is a specimen of a man.
Many will sell half their FB to buy some TWTR.
What is the catalyst for tech after this IPO? The golden children have all been born.
Bloom has a completely retarded story about Draghi “saving” the last couple interest rate cuts possible. What the fuck for? The clam cut them to 0 instantly and was deemed a fucking genius. Why wait? Why have they been waiting for years?
long life to balt
why is my BALT flailing around like a wounded duck??
So you can buy more on the cheap. I picked up more at 4.85 today.
nasty reversals all over the place. the open was a bull trap.
Yeah getting my A$$ kicked now…